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PPG Industries, Inc. develops and sells paints, coatings and specialty products for construction, consumer products, industrial, transportation and aftermarket customers. Company news commonly covers segment results in Global Architectural Coatings, Performance Coatings, Industrial Coatings, aerospace coatings, protective and marine coatings, Traffic Solutions, and packaging or automotive OEM coatings.
Recurring updates also include product and technology investments, such as radiation-curable coatings, protective systems for data center infrastructure, and R&D activity across regional laboratories. PPG news also addresses acquisitions that expand coatings lines, dividend declarations, shareholder meeting matters, leadership changes, digital transformation and operational efficiency initiatives.
PPG announced the promotion of Andrea Giunta to vice president of science and technology for color, effective October 1. Giunta joined PPG in 1997 and has held various positions, leading key innovations like the PPG ENVIROBASE® high-performance waterborne basecoat. He previously served as director of global S&T for automotive refinish and created global centers of excellence. Giunta's appointment aims to enhance PPG's automated color matching and digital rendering capabilities.
PPG (NYSE:PPG) has declared a quarterly dividend of 54 cents per share, set for payment on December 11, with a record date of November 10. This dividend marks the 489th consecutive payment the company has made, underscoring PPG's commitment to returning value to shareholders. Notably, PPG has increased its annual dividend payout for 48 consecutive years and has consistently paid dividends since 1899. Established 135 years ago, PPG continues to serve various markets globally.
PPG (NYSE: PPG) has been included in the FTSE4Good Index Series for the second consecutive year, highlighting its dedication to sustainability and ethical governance. The index evaluates companies based on their environmental, social, and governance (ESG) practices. In 2019, PPG achieved 33% of sales from sustainable products, and 33% of its locations generated zero landfilled waste. The company invested $6.8 million in STEM education and positively impacted 6.5 million community members through its COLORFUL COMMUNITIES projects.
PPG announced a positive outlook for Q3 2020 with adjusted earnings per diluted share expected between $1.90 and $1.94, up from $1.67 in Q3 2019. Sales volumes are projected to decline by 5%, which is better than previous guidance of 6% to 11%. Strong demand in global architectural coatings is driving performance, alongside effective cost management leading to improved operating margins.
The full financial results will be released on October 19, 2020, with a teleconference scheduled for October 20, 2020.
PPG (NYSE: PPG) announces its products played a central role in the construction of Allegiant Stadium, unveiled on September 21 during Monday Night Football. The stadium features distinctive black and silver colors, enhanced by PPG's easy-to-apply, long-lasting paints, coatings, and specialty materials. Key products include PPG Amercoat 68 HS and PPG PSX 700 for corrosion protection, and PPG Duranar XL for its curtainwall, ensuring durability against Las Vegas weather. With reported net sales of $15.1 billion in 2019, PPG demonstrates its commitment to innovation in protective and decorative coatings.
PPG (NYSE: PPG) announced that its innovations, PPG CLEAN SURFACE TECHNOLOGY™ and an overspray-free automotive paint application, received 2020 R&D® 100 Awards. PPG CLEAN SURFACE TECHNOLOGY improves stain resistance and durability in interior paints, facilitating easier cleaning. The overspray-free application allows for efficient coloring of vehicles without intricate masking, saving time and reducing costs. These awards underline PPG's commitment to innovation across sectors, reflecting its ongoing efforts to enhance customer experience and operational efficiency.
PPG has launched PPG SaniShield™ 3000/5000, a two-part polyurea coating system designed for industrial walls and ceilings, especially in food and beverage facilities. This coating enhances durability by filling cracks and has low VOC emissions. It can be serviced in just 18 hours and features a high-gloss finish. PPG's new product is suitable for USDA incidental food contact applications and is flame resistant, passing ASTM E-84 standards. The system is available across Canada, Mexico, and the U.S., meeting the demand for flexible and easy-to-maintain coatings.
PPG will release its third-quarter 2020 earnings on October 19, after U.S. markets close. A teleconference will follow on October 20, at 8 a.m. ET, featuring PPG executives, including Michael H. McGarry and Vincent J. Morales. Interested participants can register via the provided link and will receive a passcode. A live webcast will also be available on PPG's Investor Center. Telephone replay will be accessible from October 20 until November 3, with toll-free numbers provided for convenience.
PPG's SICO® paint brand has unveiled its 2021 Colour of the Year: Blue-winged Warbler (6160-52), inspired by nature. This jade aqua tone aims to provide comfort and serenity during uncertain times. PPG's recent Global Colour Workshop revealed three distinct palettes: Be Well focusing on wellness, Be True celebrating authenticity, and Be Wild promoting optimism. With a history dating back to 1937, SICO leads in the Canadian paint market, featured in over 750 stores, while PPG operates globally with reported net sales of $15.1 billion in 2019.
PPG has launched its new PPG Flooring coatings, a versatile line of coating systems designed for various operational environments. The offerings include general purpose, wear-resistant, chemical-resistant, and urethane cement systems, all engineered for durability and low VOCs. These coatings aim to enhance performance with features such as impact and abrasion resistance, catering to specific industrial needs. The new products also include a moisture mitigating primer and decorative flake options. PPG's technical sales team will provide specialized support for effective application.